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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


2 posters

    China Shuts Down FOREX at Foreign Banks to Try to Stop Dollar Rise

    Lobo
    Lobo
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    Join date : 2013-01-12

    China Shuts Down FOREX at Foreign Banks to Try to Stop Dollar Rise Empty China Shuts Down FOREX at Foreign Banks to Try to Stop Dollar Rise

    Post by Lobo Wed 30 Dec 2015, 12:21 pm


    China Shuts Down FOREX at Foreign Banks to Try to Stop Dollar Rise

    Posted on December 30, 2015 by Martin Armstrong

    China has suspended FOREX business at three main foreign banks for the first quarter of 2016 in an effort to curb the outflow of capital into the rising dollar. This is an interesting attempt to curb the rise in the dollar and it is clearly showing the overall trend in motion.

    It is interesting that China has taken this approach for we have elected ALL FOUR of the Monthly Bullish Reversals from the January 1, 2014, low in the dollar, confirming the change in trend. We still recommend that China just float its currency, for the West will blame it for manipulation when, in fact, the global trend is toward a strong dollar into 2017.

    This entry was posted in China, World News and tagged China, Dollar, FOREX, Yuan by Martin Armstrong. Bookmark the permalink.
    tran.njoc
    tran.njoc
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    China Shuts Down FOREX at Foreign Banks to Try to Stop Dollar Rise Empty China has suspended FOREX business

    Post by tran.njoc Wed 18 Jan 2017, 9:25 am

    <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->China has suspended FOREX business at three main foreign banks for the first quarter of 2016 in an effort to curb the outflow of capital into the rising dollar. This is an interesting attempt to curb the rise in the dollar and it is clearly showing the overall trend in motion.
    tran.njoc
    tran.njoc
    Quiet Investor
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    Posts : 9
    Join date : 2017-01-15

    China Shuts Down FOREX at Foreign Banks to Try to Stop Dollar Rise Empty Re: China Shuts Down FOREX at Foreign Banks to Try to Stop Dollar Rise

    Post by tran.njoc Wed 22 Mar 2017, 7:47 am

    Chinese officials have said publicly and privately that they have no intention to devalue the currency to spur exports and that they see no foundation for sustained depreciation of the currency. In terms of fundamentals, they are right that there is no foundation for depreciation. alpari.com/vi/trading/

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    China Shuts Down FOREX at Foreign Banks to Try to Stop Dollar Rise Empty Re: China Shuts Down FOREX at Foreign Banks to Try to Stop Dollar Rise

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